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Tag: Impacted

Could Trump’s Trade War Hurt His Chances In Michigan? Tariffs Have Impacted Farming, Steel In Swing State

October 10, 2020
| No Comments
| business

As President Donald Trump fights to win battleground state Michigan, there is evidence that his tariff policies have hurt his chances. Steel and agriculture are important industries in the state and billions of dollars have been lost due to tariffs.

In March 2018, the Trump administration imposed a 25% tariff on steel in order to protect American steel mills from foreign competition. The tariffs decreased demand for steel from the auto industry and other consumers, hurting steel plants.

Great Lakes Works, one of the largest mills in Michigan, laid off 1,250 workers in June and shut down steelmaking operations. The plant is owned by Pittsburgh-based U.S. Steel.

A Reuters analysis reveals that Michigan steelmakers have issued layoff notices to 2,000 workers since the tariffs were implemented. 

The trade war has also hurt Michigan farmers. When Trump announced new tariffs on $60 billion of Chinese imports in May 2019, some farmers

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How Climate Change Has Impacted Home Insurance Rates

October 2, 2020
| No Comments
| insurance

2020 has brought one natural disaster after another, testing the American resolve with everything from a global pandemic to hurricanes, wildfires and tornadoes. Nothing better demonstrates the consequences of climate change, and experts predict that it will only grow worse.



a small house in a pool of water: TOPSHOT-US-WEATHER-STORM


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TOPSHOT-US-WEATHER-STORM

Loss of glaciers and melting ice caps mean more intense heat waves and elevated sea levels, according to NASA. Over the course of the next century, experts from the Intergovernmental Panel on Climate Change (IPCC) predict that temperatures will rise anywhere from 2.5 to 10 degrees Fahrenheit.

Scott W. Johnson is a home insurance expert for Marindependent Insurance Services, LLC, out of California, a state currently being ravaged by wildfires. He explains, “Floods, brush fires, even landslides can be attributed to warmer, dryer temperatures that are in part caused by global warming.”

The dramatic weather patterns we have seen in 2020 are just a taste

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Financial Resources for Washington Residents Impacted by COVID-19

June 23, 2020
| No Comments
| finance

(En español)

The Washington State Department of Financial Institutions has developed a list of financial resources for Washington consumers impacted by the Coronavirus. We will add to this list as more resources become available.


Unemployment Assistance

If you are out of work, Washington State’s Employment Security Department provides support services to individuals affected by COVID-19 in Washington.

The Employment Security Department has adopted a series of emergency rules to relieve the burden of temporary layoffs, isolation and quarantine for workers and businesses.

Washington State Employment Security Department


Mortgage Assistance

If you do not have enough money to cover your mortgage payment, contact your lender immediately. Homeowners in distress may call DFI’s toll-free number 1-877-RING-DFI (746-4334) to talk to a member of our team and to get assistance in how best to contact their mortgage servicer, and to learn more about their options.​

Assistance for Washington Homeowners
Coronavirus mortgage assistance available

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